The Central Board of Direct Taxes has issued income-tax (I-T) refunds worth Rs 70,120 crore to more than 2.61 million taxpayers between April 1 and September 6. Of this, personal I-T refunds of Rs 16,753 crore have been issued in over 2.47 million cases, despite technical glitches in the new e-filing portal.
Earlier this month, the department asked taxpayers who received notices to respond online for getting an early refund. The refund is usually issued within 10 days of income-tax return (ITR) submission, although it can be delayed for a wide variety of reasons.
Archit Gupta, chief executive officer, Clear,